The Danish consultant, COWI, has offered to buy the shares of Norwegian environmental consultant Interconsult. The move is supp-orted by Interconsult’s management and board of directors.
“With COWI, we get a profession-al owner who is internationally recognised in the market, and who will immediately strengthen our position on both the national and international markets,” Interconsult director, Frode Kværneng, said.
If the Norwegian shareholders sell their shares to the COWI Group, it will create one of the leading companies in northern Europe, with 3,500 employees and a turnover of US$342M.
COWI, which has a tunnel design arm, is offering to buy the shares of all Interconsult’s 400 shareholders, with the intention of signing the final purchase agreement next month. Four major shareholders own 40% of the company between them, including Norwegian state-owned oil company STATOIL. Present and former employees own the remaining 60%.
Interconsult employs 650 people with a turnover of US$66.2M.
